Brown Encourages Lake County Small Business Owners to Apply for Disaster Assistance

The Deadline to Submit Applications is May 11

WASHINGTON, D.C. – Today, U.S. Senator Sherrod Brown (D-OH) encouraged Lake County small businesses, including those engaged in aquaculture, small agricultural cooperatives, and private nonprofit organizations to apply for the U.S. Small Business Administration’s (SBA) Economic Injury Disaster Loans ahead of the deadline on May 11. Lake County was adversely effected by frost and freeze between May 7 and May 15, 2017.

“SBA disaster relief loans provide important lifelines for Ohio businesses that have faced weather-related challenges,” said Brown. “I encourage Lake County businesses to take advantage of this opportunity for financial relief.”

These low-interest loans are available for up to $2 million with interest rates of 3.215 percent for eligible small businesses and 2.5 percent for nonprofit organizations, and terms up to 30 years. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at

Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to Loan applications can be downloaded from the SBA’s website at Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.